Dell 2007 Annual Report Download - page 154

(b) Vesting for Participants with Service Credited on and after January 1, 2005. A Participant to whom Subsection 7.2(a) applies shall be 100% vested at
all times in amounts credited to his Participant Contribution Accounts. In addition, the Participant shall also be entitled to receive 100% of the
balance credited to the Participant's Employer Contribution Accounts, provided the Employer's HR Direct personnel system classified such
Participant as actively employed by the Employer or a Related Employer on January 1, 2005. For this purpose, the term "actively employed"
includes both a Participant who completed at least one (1) Hour of Service on January 1, 2005 as an Employee of the Employer or a Related
Employer and a Participant who on January 1, 2005 was on an authorized leave of absence or a maternity or paternity leave of absence and who did
not incur a Break in Service during the 2005 Plan Year.
(c) Transfers between Employers. A Participant's transfer of employment from the Employer to a Related Employer, or any transfer from one Related
Employer to another Related Employer, shall not be considered to be a termination of employment for purposes of this Plan. This provision shall
apply without regard to whether such Related Employer is classified as a Participating Employer under this Plan's terms.
7.3.
Payment of Benefits
(a) Retirement, Death, Disability and Termination Benefits. As soon as administratively feasible after a Participant terminates employment, and the
Committee has credited and adjusted the Individual Accounts of a Participant as provided in Sections 7.1 and 7.2, the Trustee shall make payments
to the Participant or his Designated Beneficiary or Beneficiaries pursuant to Article IX, subject to the mandatory distribution requirements of
Article VIII and the Qualified Joint and Survivor Annuity requirements of Section 9.6, if applicable. The Committee shall charge each payment to
the Participant's Individual Accounts and payments shall continue until the Nonforfeitable Account Balance is paid to the Participant in full.
Notwithstanding the preceding, in the event of a Participant's death, the Committee shall distribute the Participant's Individual Accounts no less
rapidly than is required under Article VIII.
(b) Commencement of Payments, Automatic Distribution. Unless a Participant elects otherwise, payment of benefits shall commence not later than the
sixtieth (60th) day after the end of the Plan Year in which the latest of the following events occurs: (i) the date on which the Participant attains the
earlier of age sixty-five (65) or Normal Retirement Age under the Plan; (ii) the tenth (10th) anniversary of the year in which the Participant
commenced participation in the Plan; or (iii) the date on which the Participant terminates employment with the Employer. These payments shall
commence after the Plan has satisfied all applicable notification and election requirements contained herein and in the Plan's standard administrative
procedures. Notwithstanding the foregoing, a Participant may not defer commencement of benefits or elect a form of installment payment which
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